And why did shorts short this 20X’s thr float in the first p...
And why did shorts short this 20X’s thr float in the first place. 🤔
The short thesis was: Amc would go bacnkrupt(That was wrong).. people were going to switch to digital instead going to the movies so they’ve been shorting since 1,2,3,and 4 dollars.. . (That was wrong!!)
So shorts are still red even at this price😂😂 it costs them more in the longrun to short than the amount profit that they are going to make.. #🫵🏾ShortsAreTrapped
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FANCY PANTS : You didn't take the reverse split into account.
Just_CallMe_ZaccheusOP : Oh yeah.. so that’s a lot of shorting for nothing basically
FANCY PANTS Just_CallMe_ZaccheusOP: That's....you...nevermind, this is Stonks 101 and you still don't get it.
Just_CallMe_ZaccheusOP : Why are you short again? What’s your reason?
Just_CallMe_ZaccheusOP : You said amc would go bankrupt right .. you said Netflix was gonna take over right? Nevermind, this don’t Short for Dummies 101
FANCY PANTS Just_CallMe_ZaccheusOP: Bro, you don't even understand the basics of this. And don't steal my jokes and put words in my mouth, boy
Just_CallMe_ZaccheusOP FANCY PANTS: I understand reasoning.. conviction goes both ways. You had conviction when you shorted the stock so if you’re wrong and you short more, you’re become DUMB wrong..
this is the easiest play ever to catch shorts with their pants down. Either the movies are dead or alive right? And looks like they are very much alive to me.. So that’s my conviction .. What’s yours?
FANCY PANTS Just_CallMe_ZaccheusOP: 1. I don't short.
2. Look at the price before the January 21 squeeze. Is the price higher now than it was then? No.
3. Do you not think that more shorts didn't open during the squeeze? Any shorts opened at a higher price than what it is currently are safe. Which is most of them.
If you're going to be arrogant, at least be able to back it up with facts instead of foolish ape "logic".